7010 Lee Hwy
Chattanooga, TN 37421
Foundation Plaza · Retail Property For Sale

Welcome to Foundation Plaza! Location is what you're buying here! This property is off I-75 and Shallowford Rd. with a high traffic count. The building is 78054sf mostly brick and concrete. Three levels, with tons of parking! Currently it has three restaurants/bars, doctor's offices, tobacco store, roofing company, open box resell store, staffing office, hair and nail salons and several others. The building sets on 3.24AC with the parking lot rapping around the entire building. Includes the lot directly behind sonic. Several entry/exit points to Shallowford Rd. and/or Lee Hwy. Gross rentals: You're buying the location and its potential. Investment Highlights • This mixed-used property for sale comprises office and retail units. • The building was designed by a local developer in 1985. • The sale of this building is a rare opportunity to acquire a unique property and location. • Conveniently located with easy freeway access to Interstate I-75, Interstate I-24 and Hwy 153, the plaza is 15 minutes from downtown Chattanooga, and 20 minutes to the historic area of Lookout Mountain. • Currently Foundation Plaza has 14 units out of 33 occupied which gives new owners a tremendous opportunity. From Fall of 2022-Jan 2023 90% of renovations have been made to the interior vacant units. • 2022 daily traffic count on Shallowford Rd. was 25,188. Mostly brick exterior. Covered area walkways around the property on the second and third floors. Two Elevators. Two covered stairways on the front side and three covered stairways on the back side. Roof is part metal and other half is a new TPO (Dec 2022). Parking spaces re-striped. Several new HVAC systems. 200+ parking to include behind Sonic. Easy access exiting and entering the property from Shallowford Rd. and Lee Hwy. Landscaping is minimal. LED sign off of Shallowford Rd. is rented and owned by a sign business (income will be on the rent roll). Near I-75 in a high traffic area with multiple national brand hotels. At the intersection of Shallowford Rd. and Lee Hwy. • Access to I-75: Less than 1-mile • Downtown: 13-miles • Northshore District: 14-miles • Volkswagen Drive: 4-miles • Chattanooga Airport: 3-miles • Atlanta International Airport: 122-miles • Nashville Airport: 144-miles • Knoxville Airport: 100-miles